Banking

Highlights

• 3 May 2013
  • Brazil's increased deposit insurance minimum is credit positive
    The Brazilian deposit insurer Fundo Garantidor de Crédito's recent approval of an increase in the maximum individual bank deposit insurance to BRL250,000 from BRL70,000 is credit positive for small and midsize banks because it will help them expand their low-cost retail depositor base, which today accounts for less than one tenth of their funding... Full Report ... Full Report
  • Bank of England funding for lending extension credit positive
    The Bank of England announcement that it would extend its Funding for Lending Scheme to January 2015 is credit positive for participating UK banks and building societies because it extends lower funding costs into 2015, thereby contributing to the availability of cheaper credit and thus bolstering returns... Full Report
• 29 Apr 2013
  • Declining noninterest-bearing deposits credit negative for U.S. banks
    U.S. banks have reported, in aggregate, a 4% drop in noninterest bearing deposits during the first quarter of 2013. The shift from noninterest-bearing deposits into interest-bearing deposits is credit negative and another source of net interest margin compression at a time when margins are already on the decline owing to protracted low interest rates... Full Report